🌊 Wave Wisdom - January 27th, 2024

DATA
Key Prices

BTC $41,759 (1.13% 24h)

ETH $2,266 (0.75% 24h)

SPY $487.59 (-0.13% 24h)

DATA
Market Overview

Total Market Cap $1.61T (0.9%)

Total Volume $50.48B (-0.39%)

BTC Dominance 50.81% (0.14%)

ETH Dominance 16.9% (-0.06%)

DATA
Chain TVL

DATA
Protocol/Chain Fees (24h)

The key to reading this graphic is to look for new entrants. This shows they are gaining adoption.

DATA
CEX Inflows & Volume

In order by assets

YIELD
Stablecoin Yields

Criteria: Stablecoins in audited pools with 20% or higher APY and greater than $200k TVL

JUSDC (1day lock) on Jones DAO with $11.28m TVL and 65.74% APY

MKUSD-USDC (Prisma) on Beefy with $7.27m TVL and 58.53% APY

IDAI-IUSDC-IUSDT on Curve DEX with $5.78m TVL and 48.10% APY

DAI+-USD+ on Aerodrome with $5.39m TVL and 44.25% APY

IDAI-IUSDC-IUSDT on Convex Finance with $3.24m TVL and 41.50% APY

MIM-ARBUSDCE-USDT (... on Beefy with $3.21m TVL and 34.97% APY

EUSD-USDC on Aerodrome with $3.21m TVL and 34.05% APY

DOLA-USDC on Aura with $2.8m TVL and 33.46% APY

DOLA-USDC on Aerodrome with $2.78m TVL and 33.35% APY

USDC-MAI on Aerodrome with $2.49m TVL and 21.22% APY

NEWS
Talk of the Town

Alright, let's dive into today's newsletters.

The Daily Degen's got the scoop on StructFinance's partnership with TraderJoe_xyz, bagging a cool $1M in $AVAX incentives. Meanwhile, the market's buzzing with TVL rankings and top earners from DefiLlama, and the latest trending tokens are out, courtesy of dexscreener and the Bitcoin and Ethereum Fear/Greed Indexes. Keep an eye out for new kids on the block like OPI and HeliosphereOne, and remember, stay sharp to dodge those scams.

HFA Research is hyping up Dymension as the new hotness in modular blockchain tech. They're rolling out RollApps with the help of the Dymension Hub, and the Genesis Rolldrop's got everyone talking. Some folks left their airdrops on the table, so the early birds might get a bigger worm. And if you're into staking, keep your eyes peeled for future airdrops that could sweeten the pot for $DYM stakers.

Blocmates warns against betting the farm on charts or narratives alone. They're all about that SuperFluid staking life, with Vector Reserve leading the charge. DeFi's not sleeping either, with Algebra DEX and Curve Finance dropping new features.

Revelo Intel's all about Pendle's killer year, with a 2000% token surge and a TVL that's through the roof. They're making waves with Liquid Restaking Tokens and some smart moves on BNB Chain and Arbitrum. If you're into yield trading, Pendle's your jam, and they've got the architecture to shake up the Interest Rates Derivatives market big time.

Serenity Research is serving up that stablecoin alpha, with a side of high-yield pools to fatten up your wallet. They're dissecting the Bank of England's latest on stablecoins and keeping tabs on the Chainalysis 2024 Crypto Crime Report. Plus, they're not shy about calling out Tether's drama in East Asia.

That's the rundown. If you're thirsty for more, hit up the sources:

The Daily Degen HFA Research Blocmates Revelo Intel Serenity

SENTIMENT
Trader Thoughts

We bring you the best thoughts from top traders and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 68 (23.6% 24h Δ)

Let's dive into the ct traders' market outlook over the past 24h.

@deltaxbt didn't really provide market insights but raised a fuss about a personal ordeal with a bank taking too much time to release funds and resolving it by threatening legal action.

@CryptoKaleo showed bullishness on AVAX against BTC, suggesting a strong upward trend and highlighting significant TVL growth.

@SalsaTekila was rather cryptic with mentions of shorting, a bear fight, and hacking alerts, not providing clear directional insights but reminding traders to stay cautious clicking links.

@CryptoParadyme touched on various sentiments among ct traders, from criticizing mainstream media narratives to sharing bullish retweets about bear traps. Overall, the content seemed mixed without clearly leaning toward bullish or bearish stances.

@Pentosh1 came off confident, viewing gradual capital inflow as a positive sign and expecting an eventual rapid rise in markets, driving bullish sentiment.

@crypto_iso provided specific trading follows and views, stating that if BTC trades and holds above the yearly open, the price could see higher numbers, showing a bullish lean.

@TraderMagus suggested one more possible dip before the market turns choppy and then hits fresh highs, indicating a bullish long-term stance but cautioning about potential short-term volatility.

@RookieXBT and @TraderKoz signal bullishness for Solana, with TraderKoz specifically mocking those not bullish on $SOL.

Overall, mixed sentiments with a slight lean towards bullishness were present among ct traders, with anticipation of future market highs tempered by immediate cautiousness for short-term moves.

SENTIMENT
Gem Hunter Thoughts

We bring you the best thoughts from top gem hunters and assign a score to their bullishness. 1 being max bearish and 100 being max bullish.

Bullishness Score: 55 (-35.3% 24h Δ)

Let's dive into what the gem hunters on ct are eyeing over the past 24h.

@Crypto_L00n is keeping it simple with a shoutout to $DOGE holders, hinting at some cultural cred for those holding Dogecoin.

@crypto_popseye is casting shade on $UNIBOT, exposing what he perceives as deceptive practices and warning against holding the token as it might end up being worthless.

@ItsAverageJO is feeling the urgency for $CFX ecosystem coins, as they seem to be rallying with the approach of the Chinese New Year and the year of the dragon potentially bringing good fortune.

@Govanisher is sticking to his guns with $BANANA, touting its benefits for exposure to telegram bots and sniper tools.

@CryptoKaduna has his eyes on $TRIAS, noting its bullish appearance on the daily chart. He also highlights the importance of tokenomics by mentioning that both $INJ and $TRIAS have no more token unlocks and possess deflationary mechanisms.

@BlocksNThoughts is super bullish on $MZERO, praising the project's team and concept for tokenizing in-game purchases, and $AIT for its efficient validation of datasets after registering on the Bittensor subnet.

@toptickcrypto is placing his bets on $TAO, calling it the most legitimate crypto AI project, especially with the involvement of big players like Nous and Hugging Face.

@TheEuroSniper sees potential in $AIT as it's looking strong, and he's ready to add more if the price sustains. He's also expecting new all-time highs for $ZIG soon.

@anger_trading is eyeing $SOV from SovrynBTC and has a keen interest in P2E games, particularly $AZEE from AZEE P2EVerse and $NOON from HighNoonETH, suggesting that their current price action is a strong buy signal.

@CryptoKaduna is anticipating a huge ecosystem for $INJ with several IDOs lined up for $APP stakers, and he's also excited about the up only season, hinting at a general bullish sentiment.

@ChadCaff is spreading the word about $SECT, the top call bot on telegram, and its expansion to discord groups.

@Crypto_Shaggy and @Govanisher are both accumulating Coinbase stock, expecting it to be undervalued and predicting a positive outlook with new revenue streams and support from Blackrock.

@crypto_popseye is predicting a pattern for $INS from inscribe_app, anticipating a slight dump followed by a moon after post-launch, supported by factors like hype over LBPs, a responsive team, and backing from @TheeGHouse.

Remember, this is all speculative and it's important to do your own research before making any investment decisions. Fuckin' dyor, folks.

Mentioned Coins

Disclaimer: This process is automated, so the links may be different than the coin actually mentioned.

Shib Original Vision ($SOV ) | Meme

Bitcoin ($BTC ) | FTX Holdings

Yield Magnet ($MAGNET ) | Ethereum Ecosystem

Olympus ($OHM ) | Decentralized Finance (DeFi)

Smart Marketing ($SMT ) | Ethereum Ecosystem

Lyve Finance ($LYVE ) | Ethereum Ecosystem

Cadence Protocol ($CAD ) | Canto Ecosystem

Injective ($INJ ) | Binance Launchpad

Bittensor ($TAO ) | Artificial Intelligence (AI)

Kaspa ($KAS ) | Layer 1 (L1)

INSC (Ordinals) ($INSC ) | BRC-20

Zignaly ($ZIG ) | Injective Ecosystem

SELL THE TOP
Coinbase App Store Ranking

When this hits #1 the top may be in. Until then, we grind.

Overall Ranking

#475 (0% 24h Δ)

Finance Category

#40 (0% 24h Δ)